Unum
Director, Pricing Actuary (Hybrid)
Unum, Portland, Maine, us, 04122
Director, Pricing Actuary (Hybrid)
When you join the team at Unum, you become part of an organization committed to helping you thrive.Here, we work to provide the employee benefits and service solutions that enable employees at our client companies to thrive throughout life’s moments. This starts with ensuring that every one of our team members enjoys opportunities to succeed both professionally and personally. To enable this, we provide:Award-winning cultureInclusion and diversity as a priorityPerformance Based Incentive PlansCompetitive benefits package that includes: Health, Vision, Dental, Short & Long-Term DisabilityGenerous PTO (including paid time to volunteer!)Up to 9.5% 401(k) employer contributionMental health supportCareer advancement opportunitiesStudent loan repayment optionsTuition reimbursementFlexible work environments*All the benefits listed above are subject to the terms of their individual Plans.With 10,000 employees helping more than 39 million people worldwide, every role at Unum is meaningful and impacts the lives of our customers. Whether you’re directly supporting a growing family or developing online tools to help navigate a difficult loss, customers are counting on the combined talents of our entire team. Help us help others, and join Team Unum today!General Summary:
This is a senior level position that requires independent judgment, initiative, and solid business knowledge. This role actively identifies, researches, and analyzes a variety of actuarial issues and concepts. In this role, one will identify, plan, and initiate projects and may manage a team. Considerable reliance will be placed on the individual’s judgment. This position is an active participant on a variety of other cross-functional/operating teams (e.g., underwriting, compliance, customer care, etc.). Minimum qualifications include at least four years of relevant experience and the designation of Fellow of the Society of Actuaries.LTC Specific Duties and Accountabilities
Building relationships over time with state regulators that establish heavy credibilityAbility to communicate effectively with regulators and NAIC reps, even in a contentious contextAbility to work creatively and productively to craft options for policyholders
Development of pricing strategies that optimize around financial valuation, regulatory constraints, our policyholders, and other pertinent factors; leveraging robust internal experience with rate increases as well as available industry/market information
Evaluating impacts of pricing strategies and of other strategies on risk outcomes
Build and maintain robust pricing strategy analytics that enable real-time monitoring of success, inform refinements to our strategy, and provide necessary valuation insights tied to the progress along our strategy
Strong tie to LTC Valuation and the LTC Strategy Team in evaluating pricing strategies, options for our policyholdersOrientation
Creativity & willingness to learn and adaptWelcomes heavy external engagementAbility to make a forceful case for positionsData and analytically drivenEffective coach and developer of talentPrincipal Duties and Responsibilities
Analyze emerging experience, monitor marketplace trends, and identify issuesDevelop analysis framework and recommend enhancementsRecommend updated pricing, valuation, or reserving assumptions to managementLead development of tools to support pricing, valuation, underwriting, and business analysis and participate in implementation effortsPrepare financial reports and projections; perform analysis of financial dataParticipate actively on cross-functional/operational task forces (e.g., underwriting, compliance, customer care)Mentor, manage and train an actuarial support staffMay perform other duties as assignedJob Specifications
Bachelor's degree requiredFellowship in the Society of ActuariesAt least four years of relevant experience and/or a high level of technical expertiseStrong problem-solving ability and project management skillsHands-on experience with current technologySolid people managementStrong verbal and written communication skillsDemonstrates strong leadership abilitiesThe base salary range for applicants for this position is listed below. Unless actual salary is indicated above in the job description, actual pay will be based on skill, geographical location, and experience. $109,100.00-$213,300.00Additionally, Unum offers a portfolio of benefits and rewards that are competitive and comprehensive including healthcare benefits (health, vision, dental), insurance benefits (short & long-term disability), performance-based incentive plans, paid time off, and a 401(k) retirement plan with an employer match up to 5% and an additional 4.5% contribution whether you contribute to the plan or not. All benefits are subject to the terms and conditions of individual Plans.Company: Unum
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When you join the team at Unum, you become part of an organization committed to helping you thrive.Here, we work to provide the employee benefits and service solutions that enable employees at our client companies to thrive throughout life’s moments. This starts with ensuring that every one of our team members enjoys opportunities to succeed both professionally and personally. To enable this, we provide:Award-winning cultureInclusion and diversity as a priorityPerformance Based Incentive PlansCompetitive benefits package that includes: Health, Vision, Dental, Short & Long-Term DisabilityGenerous PTO (including paid time to volunteer!)Up to 9.5% 401(k) employer contributionMental health supportCareer advancement opportunitiesStudent loan repayment optionsTuition reimbursementFlexible work environments*All the benefits listed above are subject to the terms of their individual Plans.With 10,000 employees helping more than 39 million people worldwide, every role at Unum is meaningful and impacts the lives of our customers. Whether you’re directly supporting a growing family or developing online tools to help navigate a difficult loss, customers are counting on the combined talents of our entire team. Help us help others, and join Team Unum today!General Summary:
This is a senior level position that requires independent judgment, initiative, and solid business knowledge. This role actively identifies, researches, and analyzes a variety of actuarial issues and concepts. In this role, one will identify, plan, and initiate projects and may manage a team. Considerable reliance will be placed on the individual’s judgment. This position is an active participant on a variety of other cross-functional/operating teams (e.g., underwriting, compliance, customer care, etc.). Minimum qualifications include at least four years of relevant experience and the designation of Fellow of the Society of Actuaries.LTC Specific Duties and Accountabilities
Building relationships over time with state regulators that establish heavy credibilityAbility to communicate effectively with regulators and NAIC reps, even in a contentious contextAbility to work creatively and productively to craft options for policyholders
Development of pricing strategies that optimize around financial valuation, regulatory constraints, our policyholders, and other pertinent factors; leveraging robust internal experience with rate increases as well as available industry/market information
Evaluating impacts of pricing strategies and of other strategies on risk outcomes
Build and maintain robust pricing strategy analytics that enable real-time monitoring of success, inform refinements to our strategy, and provide necessary valuation insights tied to the progress along our strategy
Strong tie to LTC Valuation and the LTC Strategy Team in evaluating pricing strategies, options for our policyholdersOrientation
Creativity & willingness to learn and adaptWelcomes heavy external engagementAbility to make a forceful case for positionsData and analytically drivenEffective coach and developer of talentPrincipal Duties and Responsibilities
Analyze emerging experience, monitor marketplace trends, and identify issuesDevelop analysis framework and recommend enhancementsRecommend updated pricing, valuation, or reserving assumptions to managementLead development of tools to support pricing, valuation, underwriting, and business analysis and participate in implementation effortsPrepare financial reports and projections; perform analysis of financial dataParticipate actively on cross-functional/operational task forces (e.g., underwriting, compliance, customer care)Mentor, manage and train an actuarial support staffMay perform other duties as assignedJob Specifications
Bachelor's degree requiredFellowship in the Society of ActuariesAt least four years of relevant experience and/or a high level of technical expertiseStrong problem-solving ability and project management skillsHands-on experience with current technologySolid people managementStrong verbal and written communication skillsDemonstrates strong leadership abilitiesThe base salary range for applicants for this position is listed below. Unless actual salary is indicated above in the job description, actual pay will be based on skill, geographical location, and experience. $109,100.00-$213,300.00Additionally, Unum offers a portfolio of benefits and rewards that are competitive and comprehensive including healthcare benefits (health, vision, dental), insurance benefits (short & long-term disability), performance-based incentive plans, paid time off, and a 401(k) retirement plan with an employer match up to 5% and an additional 4.5% contribution whether you contribute to the plan or not. All benefits are subject to the terms and conditions of individual Plans.Company: Unum
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